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By way of update, the new EU Sanctions package has been published and will enter into force today. The new measures include further restrictions on: (i) dual-use goods and technology to specified entities, (ii) the provision of services in relation to projects regarding deep water oil exploration and production, arctic oil exploration and production, or shale oil projects in Russia, (iii) services related to goods and technology listed in the Common Military List, and (iv) access to capital markets. They also introduce a new prohibition on certain types of loans and credit to specific Russian entities. The list of designated parties has also been expanded. |
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